NYT 'Connections' hints and answers for September 25
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The Federal Reserve Meeting: What Today’s Decision Means for You
Today, all eyes are on the Federal Reserve as it wraps up one of the most closely-watched meetings in recent memory. Whether you're a homeowner, investor, or simply keeping an eye on your savings, the decisions made by the Fed today could impact your financial world in meaningful ways. The big question: Will they change interest rates? And if so, how will that affect things like mortgage rates, loans, and everyday expenses? Why Is This Meeting So Important? The Federal Reserve, often referred to simply as "the Fed," is the central bank of the United States. One of its main jobs is to control interest rates, which influences everything from how much it costs to buy a home to the interest on your credit card. Eight times a year, the Fed holds meetings, known as FOMC (Federal Open Market Committee) meetings, where they decide whether to raise, lower, or hold rates steady. This meeting is particularly important because we're at a bit of a crossroads. Inflation, or the ge
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